Topps Tiles Group has seen “another record year of turnover”, with sales up by around 18% following its recent takeover of the CTD Tiles brand.
In today’s trading update, which covers the 52-week period up to September 27, Topps says the company’s strong trading performance has continued through the second half of the period. Topps’ turnover is up by around 6.8% year-on-year, with adjusted sales coming it at around £265m.
Topps says that these latest strong results mean that the company has achieved record years for sales in four out of the last five years.
This follows Topps’ announcement last year that it would take over the CTD Tiles retail brand. Following the announcement, the deal was investigated by the Competition and Markets Authority, which finally approved the deal in April of this year.
Including the CTD brand, Topps’ total group sales in the year were approximately £296 million, marking a 17.7% year-on-year increase. The company says this has made 2025 a key chapter in its journey towards its “Mission 365” goal, aiming to increase group sales to £365m in the medium term.
Although these results were almost certainly bolstered by Topps’ acquisition of CTD Tiles earlier in the year, Topps said its improved sales performance had been widespread across its entire business portfolio. This includes Topps Tiles, Parkside, Online Pure Play and CTD, all of which saw year-on-year improved performance in the second half of the year.
Also in the second half of the year, Topps’ growth accelerated to 7.7% in the second half, up from 3% in the first, totalling 5.3% for the year as a whole. Topps said it also expects to deliver higher adjusted gross margins in the second half of the year than in the first.
In today’s trading update, Topps also said it had welcomed Alex Jensen to Topps Group last month as its CEO delegate, who will work alongside Rob Parker until the end of the year to facilitate an orderly transition. Earlier this year, Parker announced he would be stepping down before the end of 2025, following almost 20 years with the company.
Looking ahead to the rest of the year, the company said it believed it was well positioned to continue growing sales into 2026, citing its “improving trading momentum, strategic progress and strong balance sheet”.